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Making Banks Safer

Making Banks Safer »

Source: Making Banks Safer : Can Volcker and Vickers Do it?

Volume/Issue: 2011/236

Series: IMF Working Papers

Author(s): Julian Chow , and Jay Surti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

ISBN: 9781463922023

Keywords: Business Models, banking, investment banking, hedge, hedging, banking services, Corporate Finance and Governance: Government Policy and Regulation,

This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to t...

Prudential Issues in Less Diversified Economies

Prudential Issues in Less Diversified Economies »

Source: Prudential Issues in Less Diversified Economies

Volume/Issue: 2003/198

Series: IMF Working Papers

Author(s): Aditya Narain , Pau Rabanal , and Steen Byskov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2003

ISBN: 9781451860085

Keywords: Less Diversified Economies, Credit Concentration Risks, banking, credit risk, banking system, banking crises, banking sector, Corporate Finance and Governance: Government Policy and Regulation,

This paper examines the prudential issues associated with credit concentration in less diversified economies (LDEs), which are identified as countries where one or two sectors represent a large share of exports. In...

Making Banks Safer
			: Can Volcker and Vickers Do it?

Making Banks Safer : Can Volcker and Vickers Do it? »

Volume/Issue: 2011/236

Series: IMF Working Papers

Author(s): Julian Chow , and Jay Surti

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

DOI: http://dx.doi.org/10.5089/9781463922023.001

ISBN: 9781463922023

Keywords: Business Models, banking, investment banking, hedge, hedging, banking services, Corporate Finance and Governance: Government Policy and Regulation,

This paper assesses proposals to redefine the scope of activities of systemically important financial institutions. Alongside reform of prudential regulation and oversight, these have been offered as solutions to t...

The Effect of Capital Controlson Foreign Direct Investment Decisions Under Country Risk with Intangible Assets

The Effect of Capital Controlson Foreign Direct Investment Decisions Under Country Risk with Intangible Assets »

Source: The Effect of Capital Controlson Foreign Direct Investment Decisions Under Country Risk with Intangible Assets

Volume/Issue: 2007/79

Series: IMF Working Papers

Author(s): Kinga Elo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2007

ISBN: 9781451866438

Keywords: Foreign direct investments, decisions under uncertainty, fdi, capital control, direct investment, foreign direct investment, General Financial Markets: Government Policy and Regulation, Corporate Finance and Governance: Government Policy and Regulation,

This paper examines how capital controls affect FDI decisions and how the impact of these restrictive measures varies with different levels of country risk. We construct a model of firms' FDI decisions, broadly in...

Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings

Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings »

Source: Are Rating Agencies Powerful? An Investigation Into the Impact and Accuracy of Sovereign Ratings

Volume/Issue: 2012/23

Series: IMF Working Papers

Author(s): John Kiff , Sylwia Nowak , and Liliana Schumacher

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

ISBN: 9781463931858

Keywords: Sovereign ratings, rating agencies, credit ratings, asian crisis, emerging markets, An Investigation into the Impact and Accuracy of Sovereign Ratings, Financial Institutions and Services: General, Corporate Finance and Governance: Government Policy and Regulation,

We find that Credit Rating Agencies (CRA)'s opinions have an impact in the cost of funding of sovereign issuers and consequently ratings are a concern for financial stability. While ratings produced by the major CR...

Unforeseen Events Wait Lurking

Unforeseen Events Wait Lurking »

Source: Unforeseen Events Wait Lurking : Estimating Policy Spillovers From U.S. to Foreign Asset Prices

Volume/Issue: 2011/183

Series: IMF Working Papers

Author(s): Tamim Bayoumi , and Trung Bui

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

ISBN: 9781462309290

Keywords: Event studies, policy announcements, interntational asset price transmission, bond yields, bond, foreign bond, equity prices, commodity prices, International Policy Coordination and Transmission, Corporate Finance and Governance: Government Policy and Regulation,

Event studies are used to analyze the impact of U.S. financial, fiscal, and monetary policies from US to foreign asset prices across a range of G20 countries and Switzerland. The initial announcement that the Admin...

Fat-Tails and their (Un)Happy Endings

Fat-Tails and their (Un)Happy Endings »

Source: Fat-Tails and their (Un)Happy Endings : Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

Volume/Issue: 2011/82

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

ISBN: 9781455226061

Keywords: Basel III, correlation bias, copula capital structure model, prudential regulation, systemic risk., correlation, subordinated debt, banking, probability, General Financial Markets: Government Policy and Regulation

The correlation bias refers to the fact that claim subordination in the capital structure of the firm influences claim holders' preferred degree of asset correlation in portfolios held by the firm. Using the copula...

Country Stress Events

Country Stress Events »

Source: Country Stress Events : Does Governance Matter?

Volume/Issue: 2012/116

Series: IMF Working Papers

Author(s): Anna Kochanova , and Carlos Caceres

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

ISBN: 9781475503456

Keywords: fiscal stress, probability, statistics, probabilities, descriptive statistics, Relation of Economics to Other Disciplines, Corporate Finance and Governance: Government Policy and Regulation, Law and Economics: General (including Data Sources and Description), Business Environment, Fiscal Crises

This paper analyzes the linkages between governance quality and country stress events. It focuses on two types of events: fiscal and political stress events, for which two innovative stress indicators are introduce...

Revisiting Risk-Weighted Assets

Revisiting Risk-Weighted Assets »

Source: Revisiting Risk-Weighted Assets

Volume/Issue: 2012/90

Series: IMF Working Papers

Author(s): Sofiya Avramova , and Vanessa Le Leslé

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

ISBN: 9781475502657

Keywords: Regulation, Risk-weighted Assets, Basel I, II, III, banking, capital requirements, market risk, Revisiting Risk-Weighted Assets, Financial Institutions and Services: Government Policy and Regulation

In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital a...

Governance and Fund Management in the Chinese Pension System

Governance and Fund Management in the Chinese Pension System »

Source: Governance and Fund Management in the Chinese Pension System

Volume/Issue: 2009/246

Series: IMF Working Papers

Author(s): Yu-Wei Hu , Gregorio Impavido , and Xiaohong Li

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2009

ISBN: 9781451873931

Keywords: Public pensions, Fund Management, Governance, pension, social security, asset managers, pension funds, pension system, Financial Institutions and Services: Government Policy and Regulation, Corporate Finance and Governance: Government Policy and Regulation

The Chinese pension system is highly fragmented and decentralized, with governance standards, pension fund management practices, their regulation and supervision varying considerably both across the funded componen...